jodieu2ubn

@jodieu2ubn

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During the last days of the Biden administration, it proposed a framework that would apply cap and licensing restrictions for AI semiconductor sales to all but 18 US allies and partners.

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Alexander Nowrasteh, an analyst at the Cato Institute — a libertarian US think tank — said in a Jan. 20 X post that it would have been better if some sections of the order were “kept because it eased AI worker immigration. Conservative proponents of skilled immigration have lost.”

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“This will leave the American public unprotected from the risks and harms of AI and, therefore, unable to take up the benefits it might bring,” she added.

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Treasury officials are reportedly planning to hold a classified briefing about the breach next week with staffers from the House Financial Services Committee, CNN said.

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It follows the most recent Salt Typhoon breach, where cybercriminals were able to access phone calls and text messages from lawmakers, The Guardian noted.

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More details will be provided in a 30-day supplemental report that the Treasury must provide under the Federal Information Security Modernization Act.

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“Law enforcement was notified and BeyondTrust has been supporting the investigative efforts,” a BeyondTrust spokesperson told Cointelegraph.

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BeyondTrust said it identified a security incident in its Remote Support product on Dec. 2, and after “anomalous behavior” was confirmed on Dec. 5, it immediately revoked the API key and notified impacted customers soon after.

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Cointelegraph reached out to the US Treasury but didn’t receive an immediate response.

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Treasury officials were working with the Cybersecurity and Infrastructure Security Agency, the Federal Bureau of Investigation, US intelligence agencies and third-party forensic investigators to further examine the incident.

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Meanwhile, the compromised service has since been taken offline, Hardikar told US senators Sherrod Brown and Tim Scott of the Banking Committee.

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China has denied responsibility for the attack, telling Reuters it “firmly opposes the U.S.’s smear attacks against China without any factual basis.”

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“Based on available indicators, the incident has been attributed to a Chinese state-sponsored Advanced Persistent Threat (APT) actor,” said Aditi Hardikar, assistant secretary for management at the Treasury, in a letter obtained by TechCrunch and other outlets, including CNN.

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While crypto does not threaten financial stability, the Bank of Botswana listed the use of digital payment instruments for money laundering and terrorist financing as one of the five top national security risks that emanate from the financial sector. The central bank wrote:

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The central bank added that risks from financial technology in general are also minimal, though they may increase as tech innovations penetrate the local markets.

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Despite this, the bank said that risks from crypto are minimal for its domestic markets, though regulators should develop oversight frameworks for the sector to prepare for the future. The Bank of Botswana wrote:

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In a financial context, a systemic risk refers to a cascading failure caused by links within the financial system. The resulting domino effect could result in an economic downturn.

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In its Financial Stability Report, the central bank said that the increasing interconnectedness of the crypto market with the rest of the financial system presents potential future systemic risks.

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Botswana’s central bank said the country’s local crypto markets remain undeveloped, creating only “minimal” risks to financial stability. Still, the bank said that regulations should be put into place to prevent potential digital-asset risks in the future.

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Meanwhile, Animoca Brands executive chairman Yat Siu told Cointelegraph that NFTs will become even bigger than they were in 2021 and 2022. He argued that as the crypto markets grow, every component within the Web3 space will follow:

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